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Privacy PolicyFrozen Storage Services Market (By Type: -18°C to -25°C, -45°C to -60°C, and Other; By Application: Food, Pharmaceuticals, Chemicals, Electronics, and Other; By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Size, Share, Growth, Trends 2025 to 2034.
The global frozen storage services market, valued at USD 27.36 billion in 2024, is projected to reach USD 60.73 billion by 2034, expanding at an 8.3% CAGR as demand for cold chain logistics in food, pharma, and biotech continues to rise.
| Reports Attributes | Statistics |
| Market Size in 2024 | USD 27.36 Billion |
| Market Size in 2025 | USD 29.63 Billion |
| Market Size in 2031 | USD 47.81 Billion |
| Market Size by 2034 | USD 60.73 Billion |
| CAGR 2025 to 2034 | 8.3% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Regions | Shares (%) |
| North America | 30% |
| Asia Pacific | 35% |
| Europe | 25% |
| LAMEA | 10% |
| Segments | Shares (%) |
| -18°C to -25°C | 40% |
| -45°C to -60°C | 45% |
| Other | 15% |
| Segments | Shares (%) |
| Food | 50% |
| Pharmaceuticals | 20% |
| Chemicals | 12% |
| Electronics | 10% |
| Other | 8% |
Published by Yogesh Kulkarni
| Type | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -18°C to -25°C | 10.94 | 11.65 | 12.39 | 13.17 | 14.00 | 14.88 | 15.80 | 16.78 | 17.81 | 18.90 | 20.04 |
| -45°C to -60°C | 12.31 | 13.48 | 14.76 | 16.16 | 17.69 | 19.36 | 21.19 | 23.19 | 25.37 | 27.76 | 30.37 |
| Other | 4.10 | 4.50 | 4.94 | 5.42 | 5.95 | 6.52 | 7.15 | 7.84 | 8.60 | 9.42 | 10.32 |
| Application | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Food | 13.68 | 14.64 | 15.66 | 16.75 | 17.92 | 19.16 | 20.48 | 21.90 | 23.40 | 25.01 | 26.72 |
| Pharmaceuticals | 5.47 | 6.16 | 6.93 | 7.79 | 8.73 | 9.78 | 10.95 | 12.24 | 13.67 | 15.25 | 17.00 |
| Chemicals | 3.28 | 3.53 | 3.79 | 4.07 | 4.37 | 4.69 | 5.03 | 5.40 | 5.80 | 6.22 | 6.68 |
| Electronics | 2.74 | 2.96 | 3.21 | 3.48 | 3.76 | 4.08 | 4.42 | 4.78 | 5.18 | 5.61 | 6.07 |
| Other | 2.19 | 2.34 | 2.50 | 2.68 | 2.86 | 3.06 | 3.27 | 3.49 | 3.73 | 3.98 | 4.25 |
| Region | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8.21 | 8.83 | 9.50 | 10.22 | 10.99 | 11.82 | 12.71 | 13.67 | 14.71 | 15.81 | 17.00 |
| Asia Pacific | 9.58 | 10.55 | 11.62 | 12.79 | 14.08 | 15.49 | 17.04 | 18.74 | 20.61 | 22.65 | 24.90 |
| Europe | 6.84 | 7.35 | 7.89 | 8.48 | 9.11 | 9.78 | 10.51 | 11.28 | 12.12 | 13.01 | 13.97 |
| LAMEA | 2.74 | 2.90 | 3.08 | 3.27 | 3.46 | 3.67 | 3.89 | 4.11 | 4.35 | 4.60 | 4.86 |
| Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -18°C to -25°C | 10.94 | 11.65 | 12.39 | 13.17 | 14.00 | 14.88 | 15.80 | 16.78 | 17.81 | 18.90 | 20.04 |
| -45°C to -60°C | 12.31 | 13.48 | 14.76 | 16.16 | 17.69 | 19.36 | 21.19 | 23.19 | 25.37 | 27.76 | 30.37 |
| Other | 4.10 | 4.50 | 4.94 | 5.42 | 5.95 | 6.52 | 7.15 | 7.84 | 8.60 | 9.42 | 10.32 |
| Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Food | 13.68 | 14.64 | 15.66 | 16.75 | 17.92 | 19.16 | 20.48 | 21.90 | 23.40 | 25.01 | 26.72 |
| Pharmaceuticals | 5.47 | 6.16 | 6.93 | 7.79 | 8.73 | 9.78 | 10.95 | 12.24 | 13.67 | 15.25 | 17.00 |
| Chemicals | 3.28 | 3.53 | 3.79 | 4.07 | 4.37 | 4.69 | 5.03 | 5.40 | 5.80 | 6.22 | 6.68 |
| Electronics | 2.74 | 2.96 | 3.21 | 3.48 | 3.76 | 4.08 | 4.42 | 4.78 | 5.18 | 5.61 | 6.07 |
| Other | 2.19 | 2.34 | 2.50 | 2.68 | 2.86 | 3.06 | 3.27 | 3.49 | 3.73 | 3.98 | 4.25 |
| Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8.21 | 8.83 | 9.50 | 10.22 | 10.99 | 11.82 | 12.71 | 13.67 | 14.71 | 15.81 | 17.00 |
| Asia Pacific | 9.58 | 10.55 | 11.62 | 12.79 | 14.08 | 15.49 | 17.04 | 18.74 | 20.61 | 22.65 | 24.90 |
| Europe | 6.84 | 7.35 | 7.89 | 8.48 | 9.11 | 9.78 | 10.51 | 11.28 | 12.12 | 13.01 | 13.97 |
| LAMEA | 2.74 | 2.90 | 3.08 | 3.27 | 3.46 | 3.67 | 3.89 | 4.11 | 4.35 | 4.60 | 4.86 |
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